Three Key Updates To Gift Aid - June 2019

By Kevin Russell | 17 June 2019 | Comments (3)

This month we bring you three key updates to Gift Aid, including an increase in the individual gift limit for the Gift Aid small donations scheme (GASDS), new HMRC preferences on names, and a reminder about church finances/taxes being a team sport. 

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Share 37: Extra Resources

By Kevin Russell | 6 November 2017

We have put together a selection of resources to help you succeed in your Gift Aid endeavours, including HMRC’s model Gift Aid Declarations, and guidance on the Gift Aid Small Donations Scheme; tax relief for higher earners; time limits for claiming Gift Aid; errors and pitfalls in handling donations, and more.

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Share 35: extra content

By Kevin Russell | 1 March 2017

Legal and Financial Roundup - Share Issue 35 Extra Content

In this quarter's edition of Share Magazine, we referenced the following articles, blogs and briefing papers:

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What makes for a good mortgage application?

By Kevin Russell | 22 February 2017

Making a successful mortgage application - A blog from Stewardship

Stewardship has over 25 years’ experience of mortgage lending to Christian churches and charities, our experience of the quality and clarity of applications is variable from exceptional to most lacking. In this blog, we explore four main themes that applicants should consider...

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To pay or not to pay? VAT is the question!

By Kevin Russell | 22 February 2017

To pay or not to pay? VAT is the question! - A blog from Stewardship

At Stewardship, we are often asked questions like “Should our church register for VAT” or “Can our church reclaim VAT”. This blog focuses on one area that many churches needlessly pay VAT – when renting premises for church activities.

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Have you paid enough tax to 'cover' your Gift Aid donations?

By Kevin Russell | 15 February 2017 | Comments (34)

Have you paid enough tax to 'cover' your Gift Aid donations - a blog from stewardship

HMRC are very keen to ensure that Gift Aid donors are paying enough tax. In recent times, they have come under pressure from the National Audit Office and the Public Accounts Committee to take steps to reduce the amount of Gift Aid incorrectly claimed.

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Share 33: extra content

By Kevin Russell | 30 March 2016

Legal and Financial Roundup - Share 33 Extra Content

In this quarter's edition of Share Magazine, we referenced the following articles, blogs and briefing papers:

 

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When is a gift not a gift?

By Kevin Russell | 30 March 2016

When is a gift not a gift?

In general terms a ‘gift’ is something freely given, with no expectation of anything in return. If something is received in return, either contractually or as a reciprocal benefit, the ‘gift’ is not actually a gift.

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Share Magazine 32: Legal and Financial extras

By Kevin Russell | 16 December 2015

Share 32: legal and financial roundup

In Share 32, we referenced a number of briefing papers and blogs for further reading. You'll find links to them inside.

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HMRC Charities Digital Service

By Kevin Russell | 8 April 2015

HMRC has launched a new online service, allowing charities to apply for recognition as a ‘tax charity’. Recognition as a charity by HMRC is entirely separate from registration with the Charity Commission, OSCR or CCNI and is required by law, if the charity is to benefit from tax reliefs such as Gift Aid.

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